E-Naira: All you need to know about CBN Nigeria’s digital currency
A multitude of nations globally over the recent months have contemplated establishing their digital currencies, a trend that has surged with the advent of cryptocurrencies.
One of the aspects of cryptocurrencies that has been perceived as a drawback by various governments worldwide is the absence of oversight; this has prompted numerous nations to pursue creating a digital currency they can supervise and control.
Consequently, Nigeria, through the Central Bank of Nigeria CBN, joined 80 other nations in the pursuit of digital currencies.
As per the records, the Bahamian Sand Dollar is the initial Central Bank Digital Currency (CBDC) to become extensively accessible; it has been disclosed that over 14 countries are in the preliminary phase while five nations have fully launched.
The coun...